Dedicated to Deposits: Deals, Data, and Discussion

4.00% 4-Month CD at a NY/NJ/CT Bank (Hudson City Savings)


Hudson City Savings Bank
Hudson City Savings Bank is offering a 4.00% APY 4-month certificate of deposit. The minimum deposit is $500. There are different rate tables for the 3 states, but all seem to have this same rate.

My last report on this bank was in October 2007 when it was offering a 5.30% 6-month CD.

Above the rate table it states that Bank by Mail deposits welcome, but only for long term CDs. So it appears a branch visit would be required to open this 4-month CD. Please refer to the bank's branch locator for branch locations in New York, New Jersey and Connecticut.

The bank has a 5-star rating (superior) at BauerFinancial based on 3/31/08 data. It has been FDIC insured since 1934 (Certificate # 13074).

Thanks to the reader who mentioned this CD in the Finding the Best Deals post.

Related Pages: New York, CD rates, New Jersey, Hudson City Savings Bank, Connecticut

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Comment #1 by Anonymous posted on
Anonymous just posted a glowing write-up of Hudson City.

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. Glad to see a sound bank offering a high CD rate.